Feature

Europe's TNT Express Needs to Rethink Its Route

The package-delivery specialist has struggled to find the right strategy in a fiercely competitive market.

TNT Express, one of Europe's biggest parcel-delivery companies, has fumbled in delivering for shareholders. Its prospects could worsen as competition intensifies and management struggles to implement its latest strategic plan—the third in the past two years.

Shares of TNT (ticker: TNTE.Netherlands) have fallen more than 30% since January 2013, when European regulators blocked a takeover of the company by United Parcel Service (UPS)...